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flag CATL profits soar as it invests in mining for global energy dominance.

flag Chinese battery giant CATL reported a 49% rise in first-quarter net profit to 20.74 billion yuan. flag Despite China's EV sales slowdown, the company plans to invest 30 billion yuan in a new mining subsidiary to secure raw materials. flag CATL's market value surpassed PetroChina, making it China's third-largest stock, as investors bet on its dominance in the global energy transition.

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